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Aug 29, 2013
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there is a lot more technology involved. more -- it is a more complicated job. the men use are much bigger than they were. you need more skilled workers than we had back in the day. shouldn't you pay them more than minimum wage? >> if you look at the jobs, people are gettinging the pay they deserve for the work they do. that's why nine out of ten of salaried employees and managers started as minimum wage employees in the rest runt industry. >> you agree that the job like nancy may have, where she is just working the front lines there at mcdonald's, that should be a stepping stone to a management job or something higher? it should not be a job they holds on for long-term? >> well that's up to each individual employee. but the ultimate leverage that employee has is they can leave or work for their employee and the restaurant industry does bet are than most in making sure that people can advance and live the american dream. >> nancy, what is your experience with workers a at this mcdonald's? are there people who have been stuck there for many years? >> yes. there a
there is a lot more technology involved. more -- it is a more complicated job. the men use are much bigger than they were. you need more skilled workers than we had back in the day. shouldn't you pay them more than minimum wage? >> if you look at the jobs, people are gettinging the pay they deserve for the work they do. that's why nine out of ten of salaried employees and managers started as minimum wage employees in the rest runt industry. >> you agree that the job like nancy may...
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Aug 22, 2013
08/13
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this goes to technology. and it brings to bear the wisdom of the ancient chinese axom of fool me once, shame on you. fool me twice, shame on me. >> so nasdaq has issues and they are fooling everybody? >> nasdaq, in my opinion, has two serious issues. there are two particular problems here. the first is, is their technology up to the task. that's number one. then the second is, that when technology goes bad, do they have an established crisis management program. what happened today with nasdaq is really inexcusable. some stocks were shut down longer than others. some stocks opened ahead of others. and no one knew what was going on. it looked like nasdaq was clueless about how to deal with this emergency. >> you know, it sort of a deja vu with what happened with face book. this is a different story, i recognize that, but is bob greifeld going to make it as ceo of nasdaq? i mean, who's in charge. >> that's exactly right. while this is a different entity, problems reflect the fact that technology can create probl
this goes to technology. and it brings to bear the wisdom of the ancient chinese axom of fool me once, shame on you. fool me twice, shame on me. >> so nasdaq has issues and they are fooling everybody? >> nasdaq, in my opinion, has two serious issues. there are two particular problems here. the first is, is their technology up to the task. that's number one. then the second is, that when technology goes bad, do they have an established crisis management program. what happened today...
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Aug 26, 2013
08/13
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nasdaq which has been b you oyed by some of the high technology stocks dipping in the negative territory and the s&p down 6 points at 1656, mandy. >> let's talk more about the markets. joining us now is our guest panel. rick santelli who loves to jump in on every single topic. let's start with you. you're the lucky one next to me, right? >> yes. >> the private bank. >> yes. >> what are you saying to the private bank clients right now about the markets? >> well, actually, we still like equities. we still think that the market is fairly priced. it's not cheap like it was a number of months. valuations are reasonable. we think on a relative basis -- >> after the pullback over the course of august things have come back to what you think is a fair price? >> off 3%, 3.5% from the highs. even after june after the initial taper conversation, we were down about 9%. there's still actually relative to fixed income, relative to cash, closer to asset classes, we think a reasonable place to put money to work although volatility picks up in the fall with september and the news stories, the fed meeting.
nasdaq which has been b you oyed by some of the high technology stocks dipping in the negative territory and the s&p down 6 points at 1656, mandy. >> let's talk more about the markets. joining us now is our guest panel. rick santelli who loves to jump in on every single topic. let's start with you. you're the lucky one next to me, right? >> yes. >> the private bank. >> yes. >> what are you saying to the private bank clients right now about the markets? >>...
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Aug 30, 2013
08/13
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the better performers on a relative basis came in technology. down about 1% for the month. the sector my have ekeed out a gain had it not been declines in first solar, hp and microdevice systems. the relative best performing sector was materials because they were only down fractionally, 0.2%. they were helped by cliff, free port, both up 7%. when it comes to the stock market, it was down. it was down across the bothered for those big cap s&p 500 stocks, guys. >> red was the color to wear clearly. thank you very much. >>> when the markets open back up on tuesday, it's going to be september. according to history, that's not a good time of the year for the equity markets, bill. >> since 1950 the dow has lost ground in september 60% of the time. harry thinks it will be another bad september but gina sanchez thinks this time we could buck the historical trend. harry, welcome back. we're all sitting down. you're a bear for september? >> you know, i am. i've been looking at past interviews we've had for a correction of about 10%, which will probably go into september, early octobe
the better performers on a relative basis came in technology. down about 1% for the month. the sector my have ekeed out a gain had it not been declines in first solar, hp and microdevice systems. the relative best performing sector was materials because they were only down fractionally, 0.2%. they were helped by cliff, free port, both up 7%. when it comes to the stock market, it was down. it was down across the bothered for those big cap s&p 500 stocks, guys. >> red was the color to...
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Aug 30, 2013
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hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment services company." time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. it's time. >>> today is the final trading day of august. them week's focus obviously is going to be the jobs report. joining us is michelle girouard, senior economist at rbs and krishna numani, chief investment officer. i like that gdp number and now i've decided, you
hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with...
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Aug 26, 2013
08/13
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something i've started calling technology whack-a-mole. you have one problem here, another problem there. it's sort of the nature of complex systems. and i think until we're ready to acknowledge what complex systems are and how to properly deal with them, we're going to constantly see things like this, some worse and some more benign. >> you say that we lately have been seeing these problems. i mean, if you have large systems or large business, i mean, won't you always have kind of problems along the way? is it anything new in reality? isn't it just it's another type of problem now? >> well, it's true. so in technology systems and economics systems, you have what's called fault-tolerant design. you have constant failures. you know, the airline industry is a great example. you have constant failures, but generally those failures are transparent. they never bubble up to the surface because systems are still resilient. just because a technology system fails doesn't mean it needs to crash. and we could be designing our systems, engineering our
something i've started calling technology whack-a-mole. you have one problem here, another problem there. it's sort of the nature of complex systems. and i think until we're ready to acknowledge what complex systems are and how to properly deal with them, we're going to constantly see things like this, some worse and some more benign. >> you say that we lately have been seeing these problems. i mean, if you have large systems or large business, i mean, won't you always have kind of...
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Aug 28, 2013
08/13
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hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >>> you are watching "squawk on the street" live from the world's financial market of the world, and this is the third worst day of the nasdaq yesterday, all on better than expect pad volume and people thought that monday's valiolume would be repeated tuesday, but it didn't. >> and you think that the market needed to take advantage of the decline, because nasdaq has been soaring and the same stocks over and over, and tesla, and maybe today, you look at it and tesla is coming up again, and you feel like somebody is going to come out to say, buy, buy, buy, and netflix we had a chartist talking about that and the concentration of what is winning is genui
hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >>> you are watching "squawk on the...
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Aug 27, 2013
08/13
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cutting head count at a time when they need to spend more on resources like technology. this is a major problem. i think this is something the s.e.c. will have to address. all of you, not nasdaq, nyse, everybody has to spend more to make sure technology is working at a time when their budgets are actually shrinking. how do you deal with that? >> bob, thank you. the s&p case-shiller index showing home prices rising a the a slower pace in june. earlier on "squawk on the street" we talked to index co-author robert schiller. >> well, none of this is for real. the housing market has gotten very speculative and it goes to big cycles. i think there's a risk of a weakening housing market. it's a speculative market. and this has been my research, it's driven by irrational exuberance. and that can just suddenly change. it's a story. it's an e voluming story and there's nobody that can really predict this for sure. it's risky. >> using a phrase he himself came up with. let's get to rick santelli. you have some thoughts on this, rick. >> yeah. not only do i some thoughts but maybe m
cutting head count at a time when they need to spend more on resources like technology. this is a major problem. i think this is something the s.e.c. will have to address. all of you, not nasdaq, nyse, everybody has to spend more to make sure technology is working at a time when their budgets are actually shrinking. how do you deal with that? >> bob, thank you. the s&p case-shiller index showing home prices rising a the a slower pace in june. earlier on "squawk on the...
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Aug 30, 2013
08/13
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united technologies has tripled in value. and immelt has been focusing on becoming more of a global infrastructure, energy and transportation type company for ge. he shed noncore businesses like nbc universal, the parent company of this network. overall for ge this could be a big deal if it does come to fruition that consumer lending business, carl, is a huge part of ge capital. >> no question about that, dom. >>> not a sweet quarter for krispy kreme. it's down after a miss in second quarter earnings. we're going to talk to the ceo and ahead of that cueing, what else, a little g and r. back in a moment. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidel
united technologies has tripled in value. and immelt has been focusing on becoming more of a global infrastructure, energy and transportation type company for ge. he shed noncore businesses like nbc universal, the parent company of this network. overall for ge this could be a big deal if it does come to fruition that consumer lending business, carl, is a huge part of ge capital. >> no question about that, dom. >>> not a sweet quarter for krispy kreme. it's down after a miss in...
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Aug 22, 2013
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and like the trend has been, technology has been your friend. the nasdaq up higher than everybody else, 0.8%. microsoft leading. it got an upgrade. hp though big story today, big loser today. down over 13%. now down 16% just this month. and that's what we are following today on "halftime." turnaround troubles.
and like the trend has been, technology has been your friend. the nasdaq up higher than everybody else, 0.8%. microsoft leading. it got an upgrade. hp though big story today, big loser today. down over 13%. now down 16% just this month. and that's what we are following today on "halftime." turnaround troubles.
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Aug 28, 2013
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why they're betting big on wearable technology. and tune in at 10:40, we'll learn how the french government plans to plug a euro deficit. at 11:05 cet we'll set aside some brazil and be joined by a guest who says the country's central bank could hike rates as they struggle with a weakening currency and imported inflation. jpmorgan's list of legal challenges gets longer. we'll get the details from new york at 11:45. all that and plenty more over the next couple of hours. any thoughts or comments, e-mail us, worldwide@cnbc.com. first, speculation is growing that the u.s. and allies will launch a missile strike against syria within days after widespread condemnation from global leaders about the alleged use of chemical weapons by the assad regime. speaking last night, u.s. vice president joe biden said there was no doubt chemical weapons were used and those responsible should be held accountable. the british prime minister david cameron's office backed the white house earlier today saying both governments had clear evidence the regime
why they're betting big on wearable technology. and tune in at 10:40, we'll learn how the french government plans to plug a euro deficit. at 11:05 cet we'll set aside some brazil and be joined by a guest who says the country's central bank could hike rates as they struggle with a weakening currency and imported inflation. jpmorgan's list of legal challenges gets longer. we'll get the details from new york at 11:45. all that and plenty more over the next couple of hours. any thoughts or...